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How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
Irish Drug Dealer Tells Police That Keys to $56M in Confiscated BTC Are Lost
21.2.2020
Irish drug trafficker claims he lost the keys for BTC wallets worth $56 million, confiscated by the police in connection with his recent arrest
Belgian Regulator Adds New Crypto-Related Businesses to Its Blacklist
21.2.2020
The FSMA, Belgium's financial regulatory authority, has updated its list of crypto-related websites associated with fraudulent activity
OSCE Sponsors Cryptocurrency Course for Central Asia Law Enforcement
21.2.2020
The OSCE held a course on the darkweb and cryptocurrencies for law enforcement officials from Kazakhstan, Kyrgyzstan, Tajikistan and other Central Asian countries
Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors
20.2.2020
Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator...
Crypto Industry Lauds Token Safe Harbor, But Warns of Risks
19.2.2020
Crypto advocates are praising SEC Commissioner Hester Peirce’s token “safe harbor” proposal, though not without questioning the details
The Law Enforcement’s Guide to Policing Crypto Cybercrimes
19.2.2020
As the tools used by crypto criminals are getting more sophisticated, government bodies are finding new ways to respond. Here are some of those responses
Crypto Firms Should Get Behind Peirce’s Safe Harbor Proposal, Even if It’s Unlikely to Become Law
18.2.2020
Hester Peirce's idea may not be formally considered by the SEC, but it could help refine and define future crypto regulation, say two advisers
Russian Central Bank Links Crypto Transactions With Money Laundering
17.2.2020
The Russian central bank now considers any crypto exchange transaction as a money laundering risk
Legal Framework for Tokenization Submitted to Russia’s Crypto Bill
17.2.2020
Russia may soon have a legal framework for asset tokenization in place following a successful pilot by major mining firm Nornickel
IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt
14.2.2020
On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found...
Tether to Track Stablecoin Network Activity With Chainalysis Suite
12.2.2020
Tether has partnered with Chainalysis to track possibly illicit activities on its stablecoin network
Crypto Crime Doubled in 2019, but Still Under 1% of Transactions
12.2.2020
Crypto darknet proves resilience accounting for around 1% of transactions, as governments may look to tighten the leash
Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into March
11.2.2020
The European Commission is gathering feedback from EU citizens, businesses, regulators and other interested parties to establish a regulatory framework for crypto assets and markets on a European level. The public consultation which started in December will continue until March 19, 2020, with...
Trump’s New Budget Would Have Secret Service Investigate Crypto Crimes
11.2.2020
President Trumps’ new budget for 2021 claims a consolidated Treasury and Secret Service will be more efficient in tackling cryptocurrency-enabled crime
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
Why We Need a Federal Privacy Law
8.2.2020
Mutale Nkonde, a Harvard researcher, argues the US should pass a privacy law modeled on California's new CCPA
FinCEN: Social Media Companies That Tokenize Must Follow the Law
7.2.2020
Social networks with crypto aspirations must guard their systems against criminal exploitation, said FinCEN's deputy chief
Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos
7.2.2020
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...